Retirement Planning - Redefined

There are some important terms you’re going to come across as you prepare for retirement. Having a basic understanding of these will help you achieve financial success, so we’ll cover what they mean and what you should know on today’s episode. And don’t worry. We won’t go quite so far down the rabbit hole where we expect you to be able to explain how a company’s P/E ratio meshes with it’s Alpha an...

There are certain age milestones where you should really pay attention to your retirement planning progress. On this episode, we’ll look at the most important birthdays as you approach retirement and cover the exact things you should be checking off your to-do list at each age. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth....

There are certain things in life we just can’t predict. If we knew the answers to some of these questions, planning for retirement would sure be a lot easier. So let’s see how you go about constructing a plan that addresses the kinds of questions to which you can’t possibly know the answers. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfg...

On this episode, we’ll breakdown a recent CNBC article that analyzes a recent Morningstar study. The study found that most of us have at least one money bias, some of us more than one, and that those biases are very possibly costing us money in our checking, savings, investing and retirement accounts. Listen to see if you might be impacted by a specific money bias and for strategies to get it back...

In football, teams are extra careful not to make a mistake when they get within about 20 yards of scoring points (known as the Red Zone). They’ve typically worked hard to get to that point and don’t want to cost themselves by throwing an interception or fumbling the ball and giving it to the other team. On this episode, we’ll explore the financial equivalent of the Red Zone and discuss how you can...

Droves of workers are retiring early or taking a break from work as they change career paths. It’s become known as The Great Resignation. On this episode, we’ll highlight some of the key takeaways of a recent Forbes article and explore a lot of the impacts on retirement planning from across different age groups in the wake of this massive workplace shift that’s underway. Forbes Article: https://bi...

Maybe you’re close to retirement and think you don’t have nearly enough money saved. But let’s talk about some reasons that the news might not be as bad as you think. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is a registered investment adviser. All statements and opinio...

It can be tempting to cut corners as you make your retirement plan - but those decisions can often turn into a huge inconvenience, if not an outright disaster. We'll go over some common ways people cut corners in their financial plan, and what you should be doing instead. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Di...

Even if you have a solid financial plan in place, things can quickly get out of tune if you don’t make adjustments from time to time. Let’s talk about some of the areas where we often see people get out of tune in their financial plan. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Manageme...

Getting husbands and wives on the same page with their retirement plan can often be a challenge. Let’s talk about some of the things that couples often mess up. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is a registered investment adviser. All statements and opinions exp...

Fire extinguishers, airbags in your car, and smoke alarms in your house are all examples of things in life that don’t really seem to matter until they’re the only thing that matters. On that rare occasion when you need one of those items, you’ll either be very glad that you have one, or really regretting the fact that you don’t. Let’s talk about some of the things in the financial world that don’t...

So much focus in the financial world revolves around accumulating money. There’s all sorts of advice, how- to guides and guardrails in place when it comes to saving and investing, but a lot less resources out there to help retirees navigate the period of time after retirement. This is known as decumulation, the spending down and managing of the assets you’ve accumulated through your life. Helpful...

If you’re of the age that your mom and dad retired 20 or 30 years ago, the world was a much different place when they walked away from their paychecks. Let’s talk about how things are different now. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is a registered investment ad...

At first glance, each of these statements seem like basic common sense that everyone agrees with. But when we look at the way people actually behave with their money, it seems that common sense is actually a bit uncommon. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is a r...

Sometimes the easiest way to learn about something is make it really simple. Like some of the first true/false tests you might have taken in school, let’s play a round of fact or fiction to test your financial planning acuity. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC i...

Let’s talk about some of the areas of your financial life where you might be flirtin’ with disaster and don’t even know it. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is a registered investment adviser. All statements and opinions expressed are based upon information con...

To write the Chinese word for “crisis,” you combine elements of two different Chinese characters. One character means “danger” while the other one means “opportunity.” Translated into English, it means “opportunity riding on a dangerous wind.” Let’s discuss how some of these crises might actually be opportunities, depending on your situation and perspective. Helpful Information: PFG Website:  http...

We often see people making certain assumptions about retirement that just aren’t correct. Let’s explore some of those on today's show. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is a registered investment adviser. All statements and opinions expressed are based upon info...

This is the final installment for our annuity mini-series. We will wrap things up by diving into fixed-index annuities. We get more into the finer details of some properties of annuities and also take a look at how these contracts are typically structured. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Pr...

This is part 2 of our annuity mini-series. We focus on two types of annuities on this episode which are the variable and fixed deferred. John and Nick explain what are significant about each of these and how they may fit into a retirement plan. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Private Wealth...

There are a lot of strong opinions on annuities. Some people heavily advocate for them, while others claim they are a bad investment. Today John and Nick will break down the basics for us by discussing what an annuity is and some important terms to know. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Disclaimer: PFG Priv...

Last episode we talked about the different items to take into account if you are thinking about doing a rollover. John and Nick will discuss how to actually process a rollover and some common mistakes to avoid. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com For a transcript of today's show, visit the blog related to this...

Company retirement plans can be expensive and many people are considering to rollover their account. But what considerations should be thought about before you take any action? Today John and Nick discuss the fee structures, investment options, and a few more factors when deciding if a rollover is right for you. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-...

When it comes to retirement planning, many people focus on filling in an income gap, or making sure they will have enough money to get them through retirement. While this is fundamental to the plan, it's important to make sure your assets are protected. John and Nick will explain what investment vehicles have some sort of protection and will also give a hypothetical example. Helpful Information: P...

With rates being at historic lows, a lot of clients have been asking questions about refinancing. So this week we answer the biggest questions people have. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com For a transcript of today's show, visit the blog related to this episode at  https://www.pfgprivatewealth.com/podcast/...